SchiffGold Friday Gold Wrap Podcast

Credit cards are great until the bill comes due. And the US economy has about maxed out the plastic. The Federal Reserve incentivized borrowing and the economy is buried under trillions of dollars in debt. As Friday Gold Wrap host Mike Maharrey explains in this episode, the bill is about to come due. He also goes over the July CPI data and digs into some of the ramifications. You can visit the show notes page here: https://bit.ly/3Ov8u0q Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news. TOPICS DISCUSSED -US credit rating downgraded -Moody's downgrades bank credit ratings -How the Fed blew up a massive debt bubble -The bill will come due -July CPI breakdown -Price inflation is down but not out

In this special episode of the Friday Gold Wrap podcast, host Mike Maharrey answers listeners' questions. He covers topics including the precious metals markets, investment strategies, the trajectory of the economy, the future of the US dollar, central bank digital currencies (CBDCs), and more. You can visit the show notes page here: bit.ly/3KlLD60 Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.

The Fed raised interest rates yet again during its July meeting. So, what's next? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the Fed meeting and the weird messaging, and then speculates about the central bank's next move given the current economic backdrop. He also talks about a lucky Oklahoma woman and her bag of "junk" silver. You can visit the show notes page here: https://bit.ly/451Trlx Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news. TOPICS DISCUSSED -No worries! The weather is fine! -Fed hikes rates again -Jerome Powell and the power of Fed-Speak -Malinvestments -Gold sells off on stronger-than-expected Q2 GDP -An old lady's silver windfall

Janet Yellen recently said she doesn't think the US economy will slip into a recession. Friday Gold Wrap host Mike Maharrey explains why he doesn't think we should put a lot of stock on Janet's prognostications, and he goes on to point out some major fissures in the economy and financial system that are opening up under the surface. You can visit the show notes page here: https://bit.ly/3pWklfB Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news. -No Recession! Janet Yellen says so. -Gold hits 2-month high -Leading economic indicators drop again -Major default reveals cracks in the commercial real estate market -Massive Bank of America paper losses reveal financial crisis is still simmering -Jerome Powell is no Captain Sully

As the saying goes, there's no place like home. And more and more countries think that's the case when it comes to their gold. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about why many central banks and sovereign wealth funds are bringing their gold home. He also talks about gold's performance through the first half of 2023 and the June CPI data. You can visit the show notes page here: https://bit.ly/44uH3un Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news. TOPICS DISCUSSED -More countries are repatriating their gold -Gold was one of the best-performing assets during H1 2023 -What drove the gold price through the first six months of the year? -June CPI data -What does the latest CPI mean for the Fed? -When will high-interest rates crack something else in the economy?

Despite doing nothing at the June meeting, Fed officials continue to talk tough about fighting inflation. But Friday Gold Wrap host Mike Maharrey thinks something is amiss. In this episode, he talks about the disconnect between rhetoric and the Fed's actions. Are they clueless or running scared? This week, he also talks about another big jump in the national debt and the latest on central bank gold buying. You can visit the show notes page here: https://bit.ly/3Q3TSHV Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news. TOPICS DISCUSSED -Hawkish Fed drove markets this week -Is there a disconnect between Fed rhetoric and Fed actions? -The Fed March 2021 "dot-plot" was wildly wrong -More than 1/3 of US businesses are in debt trouble -The national debt surge -- an amazing freak show -Central banks still buying gold -The June job numbers

There was a lot of economic data this month that seems to signal a strong economy. Does it though? Is everything really fine? In this episode of the Friday Gold Wrap, host Mike Maharrey digs deeper into the data and reveals a less sanguine reality. He also explains the inner workings of the spot price for gold, how it's determined, and the factors that influence it. You can visit the show notes page here: https://bit.ly/3Pzi3gP Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news. TOPICS DISCUSSED -"Strong" economic data isn't so strong -Fed paper admits rate hikes could "hammer" economy -Things happen slowly and then all of a sudden -What is the spot price and how is it determined -Factors influencing the spot price -Market manipulation?

Fed Chair Jerome Powell went to Capitol Hill this week and talked. His open-mouth operations dominated the financial news and drove gold lower. In this episode of the Friday Gold Wrap, host Mike Maharrey digs into Powell's comments, reads between the lines, and points out a couple of things Powell got completely wrong. He also talks about some actual economic news that most people just ignored. You can visit the show notes page here: https://bit.ly/3Jq6bKg Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https//schiffgold.com/news. TOPICS DISCUSSED -National debt eclipses $32 trillion -Why the national debt is a ticking time bomb -Leading economic indicators tank again -Powell keeps up hawkish talk -Reading between the lines on two Powell comments -Two things the Fed chair got wrong

There is the mainstream and market perception of what going on in the economy and financial system. And then there's the underlying economic reality. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the growing divergence between the two in the context of the June Federal Reserve meeting and the latest CPI data. You can visit the show notes page here: bit.ly/3N4b1xS Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news. TOPICS DISCUSSED -The mainstream economic model is flawed -Inflation myths -What the mainstream thinks will happen -The economic realities -May CPI data breakdown -The Fed pauses rate hikes -Powell's hot air

In this episode of the Friday Gold Wrap, host Mike Maharrey engages in a little "I told you so!" discussing a couple of things he got right, including his assertion that the real problems would start after the debt ceiling deal and that it was important to keep your eye on the commercial real estate market. He also talks about the yo-yoing gold price this week. You can visit the show notes page here: https://bit.ly/43Sl5kc Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news. -Gold on a yo-yo string -Bank of Canada un-pauses rate hikes -A looming recession -National debt spikes just one day after debt ceiling deal -Treasury Secretary Janet Yellen warns about problems in the commercial real estate market

If you buy gold or silver, you're going to pay a premium. So, what exactly is a premium and how is it determined? In this episode of the Friday Gold Wrap, host Mike Maharrey answers common questions about premiums. He also discusses the debt ceiling deal and where Americans rank gold as a long-term investment. You can visit the show notes page here: https://bit.ly/42fEmuF Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news. TOPICS DISCUSSED -The debt ceiling deal -When a spending increase is called a cut -Where do Americans rank gold as a long-term investment? -What is a premium? -Why have premiums been high lately? -Is a premium a sunk cost?

The debt ceiling "crisis" is coming to a head. We're pretty confident Republicans and Democrats will strike a deal and raise the debt ceiling. That's supposed to solve the problem. But Friday Gold Wrap podcast host Mike Maharrey says the solution is the problem. In this episode, he also offers some bullish perspective on silver. You can visit the show notes page here: https://bit.ly/3MtLmOQ Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news. TOPICS DISCUSSED -Gold and silver face more downward pressure -Citigroup projects $30 silver in the next 6 to 12 months -Silver fundamentals -The fake debt ceiling fight -Why raising the debt ceiling is the problem

There are a few things that Friday Gold Wrap host Mike Maharrey writes about that don't seem to garner much interest. In this show, Mike is going to talk about two of those things, why they matter, and why you should care. He also talks about the recent drop in the price of gold and what the markets are getting wrong. You can visit the show notes page here: https://bit.ly/42ORVCz Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news. TOPICS DISCUSSED -The gold selloff -Fed-speak -Is a "soft landing" in the cards? -The national debt and budget deficits -Household debt at record levels -Why do these things matter?

The CPI data for April came out this week. The mainstream spin was that it was more good news for the Fed's inflation fight. But the actual data tells a different story. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the CPI report and the disconnect between the mainstream narrative and reality. He also highlights some interesting Q1 gold demand numbers. You can visit the show notes page here: https://bit.ly/3MlkJwE Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news. TOPICS DISCUSSED -What drives mainstream media narratives? -The mainstream spin on the April CPI report -The actual CPI data -Market reaction -The Fed's conundrum -Physical gold demand in Q1

The Federal Reserve raised rates yet again during its May FOMC meeting. Now everybody is trying to decipher the messaging coming out of the Fed to figure out what's next. But what if the words Powell and Company are saying don't really matter? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the latest moves by the Fed and suggests we should focus on the realities over the rhetoric. You can visit the show notes page here: https://bit.ly/42pP2HN TOPICS COVERED -Fed raises interest rates again -Jerome Powell's messaging -Inflation is far from beat -Powell claims we can still have a "soft landing" -Gold close to new record highs -What's going to break next? Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.

Many people are concerned about a possible move toward central bank digital currency and we're starting to see organized pushback on the idea. But as Friday Gold Wrap host Mike Maharrey explains, a lot of people are so caught up in taking on CBDC that they're missing the more fundamental problem with government-issued fiat currency. Paper money isn't the solution. It is the parent of the problem. You can visit the show notes page here: https://bit.ly/3oQTpNy TOPICS DISCUSSED -Is $2,000 gold support or resistance? -What is central bank digital currency (CBDC)? -The problems with paper money -Better ways to take on CBDC Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.

Most attention in the precious metals markets has focused on inflation and the Federal Reserve's response. The perception that the Fed will continue to tighten monetary policy to fight inflation has created headwinds for gold and silver. But as Friday Gold Wrap host Mike Maharrey explains, there is a silver lining in all this - the fundamentals for silver. In this episode, Mike highlights silver's supply and demand dynamics. He also covers some good news for gold and silver coming out of Arkansas. You can visit the show notes page here: https://bit.ly/3KOm7WE TOPICS DISCUSSED -Keynesian claptrap and why the mainstream still doesn't get it -Lessons not learned -A volatile week in the gold market -The silver-gold ratio -Silver supply and demand dynamics -Arkansas makes gold and silver legal tender and repeals capital gains tax on precious metals Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.

With the CPI coming in slightly cooler than expected and producer prices unexpectedly falling, a lot of people think the Fed pivot is now in play and we will soon see an end to monetary tightening. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the possibility of a pivot, market reaction, and most importantly, the possible ramifications. You can visit the show notes page here: https://bit.ly/3KZq9wD TOPICS DISCUSSED -Mainstream ignorance and Keynsian claptrap -NY Fed president either ignorant or lying -An overview of March CPI -Has the Fed really beaten inflation? -The Fed's nasty position -US budget deficit already over $1T Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.

The dollar may be king, but its throne is getting a little tippy. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the slow but steady erosion of the dollar's global dominance and the possible ramifications. He also explains how Federal Reserve monetary policy is like poison. You can visit the show notes page here: https://bit.ly/41av1EA TOPICS DISCUSSED -Monetary poison -One big banker says the crisis isn't over -Gold cracks $2,000 -Central banks are still buying gold -Dollar woes Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.

The Federal Reserve has added nearly $400 billion to its balance sheet in just two weeks while simultaneously claiming to still be in the inflation fight. While things seem pretty quiet after the bank bailout, Friday Gold Wrap host Mike Maharrey says it's only a matter of time before the next shoe drops. What will that be? In this episode, he talks about one possibility. He also covers some interesting demand news in the silver market. You can visit the show notes page here: https://bit.ly/3zmu0NS TOPICS DISCUSSED -The Fed balance sheet is getting bigger fast -The Fed has created a mess -What might break next? -The solar energy market is poised to drive silver demand drastically higher Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.

On Wednesday, the Federal Reserve raised interest rates again despite the problems in the banking system. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the Fed's inflationary efforts to paper over the problems in the financial system while still keeping up the pretense of an inflation fight. He says it's like trying to thread a needle with rope. You can visit the show notes here: https://bit.ly/3ZbSnrJ TOPICS DISCUSSED -The most recent Fed rate hike -The messaging coming out of the Fed -Why the inflation fight is at odds with the bank bailouts -Why the Fed bailout didn't solve the real problem -What the bank failures should have taught us Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.

In this episode of Metal Exchange, host Mike Maharrey chats with SchiffGold analyst Tony about the recent bank failures, the bailouts, the reaction of the markets and what might happen next. They conclude that if you're betting that the Federal Reserve has everything under control, that's probably a bad bet! You can visit the show notes page here: https://bit.ly/42ue2OK Topics Discussed -Who could have predicted this? -The nuts and bolts of the bailouts -A brilliant move by the Fed? -Market Reaction -What's Next for Gold -The COMEX is in worse shape than the banks -Looking at the big picture For more information visit https://schiffgold.com/news.

Friday gold wrap host Mike Maharrey has been saying something is going to break in the economy for months due to the Fede's monetary tightening to fight inflation. Last Friday, something broke. It was the first crack in the dam. The Fed rushed in to plug the leak, but was it enough? In this episode of the podcast, Mike talks about the response to these bank failures and the possible ramifications. You can visit the show notes page here: https://bit.ly/3ZUbxDX -What caused SVB and Signature Bank to fail? -The nuts and bolts of the bank bailout program -The likely impact of the bank bailout program -Inflation is still winning -The next round of the inflation fight -Market impacts Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.

There has been a lot of talk about central bank digital currencies (CBDCs) lately. Supporters tell you they will provide a safe, secure, convenient alternative to cash. But in this episode of the Friday Gold Wrap, host Mike Maharrey digs deeper and explains that CBDCs are actually about more government control. He also talks about how Jerome Powell talked and tanked the markets this week. Visit the show notes page here: https://bit.ly/3mFogeQ -Jerome Powell performs "open-mouth" operations -Markets react to a hawkish Fed -What are central bank digital currencies? -The issue of control -Nigerians spurn government digital currency Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.

Despite the hotter-than-expected CPI data for January, most people still seem confident that the Fed can win the inflation fight, drive CPI back to 2% in relatively short order, and then return to the easy monetary policy we all have come to expect. Friday Gold Wrap host Mike Maharrey does not share this optimism. In this episode, he outlines three reasons the Fed won't win the inflation fight. You can visit the show notes page here: https://bit.ly/3EUTCo1 TOPICS COVERED -Disinflation is transitory -Recession warning signs -Three reasons the Fed won't win the inflation war -The recent correction in the gold and silver markets Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https:??https://schiffgold.com/news.

Why should you own gold in your investment portfolio? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about some reasons to own gold, including its historical wealth-preserving qualities and its role as a safe haven. He also talks about a new buzzword central bankers and politicians are using to make inflation seem less bad. Visit the show notes page here: https://bit.ly/3XWMRJ1 TOPICS COVERED -The latest buzzword: "supercore" inflation -How as part of a well-balanced portfolio -Gold as a safe have in 2022 -Gold and wealth preservation -Gold as an inflation hedge -Counterparty risk Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https:??schiffgold.com/news.

Garbage in, garbage out. The phrase is usually associated with computers, but it also applies to the formulas used to generate government economic data. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey goes over the January CPI and retail sales data with that phrase in mind. You can visit the show notes page here: https://bit.ly/3S56b5F TOPICS COVERED -January CPI undercuts the disinflation narrative -Market reaction to the CPI data -More bad inflation news in PPI data -Disinflation is transitory -January retail sales blow past expectations -The dark side of the retail sales report -Why we should maintain a healthy skepticism when looking at all these numbers Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.

You've probably heard the saying that history might not repeat, but it often rhymes. If that's true, looking back at the runup to the 2008 financial crisis and Great Recession should cause concern. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey looks at some of the parallels between then and now. He also digs deeper into the January jobs report and explains why you should be skeptical. You can visit the show notes page here: https://bit.ly/40N2OnA TOPICS COVERED -Interest rate hikes then and now -Soft landing -- where have we heard that one before? -Should we change BLS to BS? -Five reasons to be skeptical of the non-farm payroll report -Central bank gold purchases set a record in 2022 -Why are central banks buying gold? Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.

Do you believe your eyes? Or do you believe your ears? That’s the dilemma you face as you try to make sense of the latest Federal Reserve meeting and Jerome Powell's messaging. It’s also a question to ask yourself if you’re evaluating the performance of gold over the last year. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey explores this dilemma in both contexts. You can visit the show notes page here: https://bit.ly/3l4UrUb TOPICS DISCUSSED -The Fed's latest rate hike -Jerome Powell's messaging -Market Reaction to the Fed meeting -What will the Fed do next? -Gold demand in 2022 Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.

With a debt ceiling debate now underway, a dumb idea has once again raised its ugly head - the trillion-dollar coin. This week on the Friday Gold Wrap podcast, host Mike Maharrey uses this so-called "solution" to the debt ceiling problem as an opportunity to teach some economics. In this episode, he also touches on the GDP data that came out yesterday. You can visit the show notes page here: https://bit.ly/3j7gmcT -Q4 QDP -Is a "soft landing" in the cards? -The shrinking money supply -Comparing the runup to the Great Recession to the economic dynamics today -The economics of a trillion-dollar coin -Money isn't wealth Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.

Pop some popcorn and get ready for the next political dog and pony show. The US government bumped up against its statutory borrowing limit this week. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the looming debt ceiling fight and the deeper problems that will inevitably get ignored as everybody absorbs the political theater. He also talks about the growing bullishness in the gold market. You can visit the show notes page here: https://bit.ly/3J33yig TOPICS COVERED -Gold holds $1,900 -The mainstream is getting bullish on gold -Why the mainstream is simultaneously right and wrong -Uncle Sam hits the debt ceiling -The history of the debt ceiling -How will the debt ceiling fight play out? -Why this is a big problem if you don't like inflation Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.

The headline numbers from December's CPI report give the impression that price inflation is continuing to cool. Markets are giddy at the prospect. But in this episode of the Friday Gold Wrap podcast, host Mike Maharrey argues that "cooling" price inflation is most likely transitory and the markets still don't really understand the Fed's position. He also gives an overview of gold's performance in 2022. You can visit the show notes page here: https://bit.ly/3QzJwgZ TOPICS COVERED -A breakdown of the headline CPI numbers -A deeper dive into the data -The market perception of inflation and how it's wrong -How will the Fed play this? -An overview of gold's price performance in 2022 Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.

You have questions. Friday Gold Wrap host Mike Maharrey has answers. In this episode of the podcast, Mike answers questions submitted by listeners. He covers topics ranging from the American Silver Eagle shortage to the best states for sound money. Visit the show notes page here: https://bit.ly/3CpejXN TOPICS DISCUSSED -Is China manipulating the gold market? -What states are most friendly to gold and silver? -Why are American Silver Eagle premiums so high? -How will silver do in a stagflationary environment? -Why hasn't gold run higher? -What steps should people take to improve their financial solvency? -And more! Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.

The Federal Reserve is trying to win a war against price inflation without tipping the economy into a recession. In this episode of the Friday Gold Wrap, host Mike Maharrey highlights two more reasons this is a game the Fed can't win. He also does a quick overview of the gold market in 2022 as we head toward the end of the year. You can visit the show note here: https://bit.ly/3WBa2IW TOPICS DISCUSSED -Gold in 2022 -Another massive spending bill -Federal spending is the Fed's problem -The Fed's half-hearted balance reduction efforts Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.

Are the people who are predicting a big economic crash right? Or are they just crying wolf? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey explains why it's hard to predict the exact timing of a crash even if you're certain it's on the horizon. He also talks about a couple of news items this week that caused the price of gold to yo-yo. You can visit the show notes page here: https://bit.ly/3jpvNNj TOPICS DISCUSSED -Gold rallies when the Bank of Japan makes a surprising policy adjustment -Gold sells off after better-than-expected weekly unemployed data. -Why fixating on jobs isn't the best way to gauge the health of the economy -The difficulty in timing economic events -How the run-up to 2008 looks a lot like today Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit schiffgold.com/news.

It’s easy to get caught up in the day-to-day gyrations of the market, pronouncements of certain government or central bank officials, and the most recent data dump. So, it's important to keep your eye on the ball. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down the latest inflation data and the Fed meeting with his eye firmly focused on that ball. You can visit the show notes page here: https://bit.ly/3Wlsq8m TOPICS DISCUSSED -November CPI data -The Fed's latest rate hike -Jerome Powell's hawkish talk -Why a recession is inevitable -Market reaction Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.

Mark Twain once said there are lies, damn lies, and statistics. The government excels in all three. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the recent jobs data. He reveals that the numbers just don't add up and explains why the labor market might not be as awesome as the mainstream keeps telling you. He also talks about the newest data on central bank gold buying. Visit the show notes here: https://bit.ly/3W1ECuH Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.

Fed ChairJerome Powell came out this week and indicated the central bank is set to pivot away from its aggressive rate hikes. But he couched the announcement in hawkish terms. The markets bought the pivot and ignored the hawkishness. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey puts Powell's remarks in a broader context and speculates about what might be coming down the pike. -Jerome Powell's speech -The Fed's "knowledge problem" -Gold breaks $1,800 -The feckless inflation fight -Something in the economy is going to break You can visit the show note page here: https://bit.ly/3OUFmPP Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.

There are a lot of things they didn't teach you in school. In this episode of the Friday Gold Wrap, host Mike Maharrey tells you a Thanksgiving story you've probably never heard before - at least not from your school teacher. He also touches on the Fed minutes that came out this week that seem to confirm a soft pivot on rate hikes. You can visit the show notes here: https://bit.ly/3gGn3Bf Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.

People in the financial media tend to talk about inflation as an academic exercise. As a result, it's easy to forget that rising prices cause real pain for real people. And Americans are feeling that pain today. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey highlights some ways inflation is impacting regular people. He also explains why he thinks stagflation is the most likely outcome of this inflation fight. TOPICS COVERED -Walmart reports strong sales with more affluent customers coming through the doors -Americans burying themselves in debt -Inflation is on purpose and it's anti-human -Why stagflation is more likely than disinflation You can visit the show notes page here: https://bit.ly/3TP8kSe Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.

They say perception is reality. Based on the October CPI data, the perception is inflation has peaked. But what's the reality? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the CPI data along with the markets' reaction to it and wonders if the inflation victory dance is a little premature. He also talks about the big rally in gold and central bank gold buying. -An objective look at the CPI data -Market reaction to the CPI data -The trajectory of the dollar -The Fed's soft pivot -The gold rally -Central banks buying gold You can visit the show notes page here: https://bit.ly/3GdC9c5 Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.

The Federal Reserve delivered a 75-basis point rate hike at its November meeting, as expected. But what's next? That's a little harder to decipher. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the mixed messaging that came out of the Fed meeting and concludes the central bank's monetary policy is "a wing and a prayer." He also covers the recently released Q3 gold demand data. Topics Discussed -The Fed doesn't seem to have a real plan -Fed Chairman Jerome Powell's mixed messages -Market reaction to the Fed meeting -A comparison of rate hikes before the 2008 financial crisis to today -Third-quarter gold demand shows a healthy increase -The October labor market report You can visit the show notes page here: https://bit.ly/3zJJegt Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.

The third quarter GDP data came out this week and it looks like the recession is over. (If there ever was one.) But in this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the data and says, "Not so fast!" He also talks about a mainstream economist who sounds a lot like Peter Schiff and a big problem brewing with diesel fuel. Visit the show notes page here: https://bit.ly/3TJUTUg Topics Covered A breakdown of the Q3 GDP data Other economic indicators flashing recession Economist Nouriel Roubini says the Fed will "wimp out" on its inflation fight The dollar and gold A looming diesel fuel shortage and the future of green energy Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.

Inflation is raging. The economy is teetering on the brink. Government spending is out of control. All of this has a root cause. Our money is broken. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about what broke our money and the only way to fix it. He also reveals the illusion of rising wages and breaks down Whoopi Goldberg's inflation blame game. You can visit the show notes page here: https://bit.ly/3sylesJ Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.

The September Consumer Price Index (CPI) data came out on Thursday. Once again, it was "hotter than expected," despite the Federal Reserve hiking rates by over 3% since March. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down the CPI data in the context of the Fed's inflation fight and concludes "this is what losing looks like." You can visit the show notes page here: https://bit.ly/3MwWYQI Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.

Last week, the Bank of England threw in the towel on its inflation fight and launched a quantitative easing program. Why? Because something broke in the UK financial system. That led to a rally in stocks and precious metals this week as many in the US realized the Fed might be closer to a pivot than previously thought. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about why he thinks something is going to eventually break in the US economy. You can visit the show notes page here: https://bit.ly/3CF7P7O Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.

Americans have been laboring under the burden of inflation for well over a year. Mises Institute President Jeff Deist argues that inflation is an intentional policy and should be considered "state-sponsored terrorism." In this Metal Exchange interview, host Mike Maharrey talks with Jeff about this assertion. Mike and Jeff talk about Fed monetary policy and its impacts. They dig deep into the economic impact, but they also go deeper, talking about the pernicious effects it has on society.

With a hurricane barreling toward his home, Friday Gold Wrap podcast host Mike Maharrey called an audible and recorded this week's show ahead of time. And since the hurricane is in the news, as well as top-of-mind for his family, he uses it as a jumping-off point to talk about some economics including the concept of "price gouging" and the "broken window fallacy. He also touches on dollar strength and how it's impacting the gold and silver markets. Visit the show notes page here: https://bit.ly/3fspYwy Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.

The September Federal Reserve meeting wrapped up this week with another 75 basis point rate hike. And Fed Chairman Jerome Powell admitted that there is going to be some pain as the central bank continues to fight inflation. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey reacts to the meeting and the Fed's messaging. He said he thinks Powell & Co. are drastically understanding the coming pain. You can visit the show notes page here: https://bit.ly/3feS3aD Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.

We got the August CPI data this week and it came in hotter than expected. Stocks suffered a big selloff. Everybody is betting on the Fed to get even more aggressive in its inflation fight. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down the data and exposes a dirty little secret that the mainstream still hasn't come to grips with. You can visit the show notes here: https://bit.ly/3eYOJ3n Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.